Madison Investment Advisors has selected MFACT, global investment systems' software program, for the accounting and administration of its Mosaic Funds.

The company has selected MFACT "to make their back office more efficient by eliminating the excell press sheets and eliminating the dual process that was occurring, said a spokesperson at the firm." They also perfected a pc based system that was located at their network instead of using a phone line. In addition they also changed because of financial reasons, according to a spokesperson.

"Madison Investment Advisors initially used MFACT for its after tax reporting capabilities, and they recently converted fully over to it for all of their fund accounting and administration," said Barry McConville, director of sales and marketing for Global Investment Systems. 

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